Treatt (LON:TET) Shares Pass Below 200-Day Moving Average – What’s Next?

Treatt plc (LON:TET)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 453.44 ($5.60) and traded as low as GBX 392 ($4.84). Treatt shares last traded at GBX 408 ($5.04), with a volume of 161,855 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 650 ($8.03) price objective on shares of Treatt in a research note on Friday, December 6th.

Treatt Price Performance

The stock has a market cap of £253.81 million, a PE ratio of 2,322.22 and a beta of 1.02. The stock’s fifty day moving average is GBX 455.65 and its 200-day moving average is GBX 453.44. The company has a debt-to-equity ratio of 8.82, a current ratio of 2.83 and a quick ratio of 0.87.

Treatt (LON:TET) last posted its earnings results on Wednesday, December 4th. The company reported GBX 24.47 ($0.30) earnings per share for the quarter. Treatt had a net margin of 7.88% and a return on equity of 8.46%. As a group, equities analysts anticipate that Treatt plc will post 27.0420792 EPS for the current year.

Treatt Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 6th will be paid a dividend of GBX 5.81 ($0.07) per share. This is a boost from Treatt’s previous dividend of $2.60. The ex-dividend date is Thursday, February 6th. This represents a yield of 1.26%. Treatt’s dividend payout ratio (DPR) is 4,444.44%.

Treatt Company Profile

We are a trusted ingredients manufacturer and solutions provider to the global flavour, fragrance and consumer goods markets from our bases in the UK, the US and China. We take pride in developing the ingredient solutions of the future and are supported by a global operational infrastructure that delivers results.